39 employees reported this benefit
I dont know exactly what to expect. They take 11% of my pay from me without choice. Hope it's there in 30 years. But u doubt it knowing how they work. My retirement $ will probably be spent to house homeless transgender youth.
Good pension plan, especially if you're near retirement now, but it's on shaky financial ground for the long term.
Pro is that it is a defined benefit pension plan. Con is that we are paying 4% recovery fund for giving early retirement to some employees a few years ago. Not fair.
Since there is no social security, the pension plan provides great service
Very good pension if the city does not go bankrupt
Benefits are very fair. The pension plan keeps employees and establishes good retention of valued employees that work for the CITY.
457K and Pension Plan offered